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Stock-based Compensation (Tables)

9 Months Ended

Sep. 30, 2019

The following table summarizes the Company’s stock option activity for the nine months ended September 30, 2019:


				Weighted-Average
				Remaining
	Number of	Weighted-Average		Contractual Life	Aggregate
	Options	Exercise Price		(in Years)	Intrinsic Value
	(in thousands, except share and per share data)
Outstanding - January 1, 2019	49,501	$	10.22	2.3	$	—
Granted	—		—
Exercised	—		—
Forfeited or canceled	(10,000)		(13.68)
Outstanding at September 30, 2019	39,501	$	9.34	2.0	$	—
Exercisable - September 30, 2019	39,501	$	9.34	2.0	$	—

Schedule of Warrants Activity and Nonvested Warrants

The following table summarizes the Company’s outstanding warrants for the nine months ended September 30, 2019:


				Weighted-Average
				Remaining
	Number of	Weighted-Average		Contractual Life	Aggregate
	Warrants	Exercise Price		(in Years)	Intrinsic Value
	(in thousands, except share and per share data)
Outstanding - January 1, 2019	200,000	$	13.32	6.4	$	—
Granted	—		—
Exercised	—		—
Forfeited or canceled	—		—
Outstanding at September 30, 2019	200,000	$	13.32	5.7	$	—
Exercisable - September 30, 2019	200,000	$	13.32	5.7	$	—

Schedule of Restricted Stock Activity

A summary of the Company’s time-based restricted stock activity for the nine months ended September 30, 2019 is as follows:


				Weighted-Average
		Weighted-Average		Remaining
		Grant Date Fair		Contractual Life
	Number of Shares	Value		(in Years)

Unvested - January 1, 2019	292,989	$	3.72	0.9
Granted	464,576		0.86
Vested	(235,296)		(1.70)
Unvested - September 30, 2019	522,269	$	0.85	0.8

Schedule of Restricted Stock Units Activity

A summary of the Company’s time-based restricted stock units activity for the nine months ended September 30, 2019 is as follows:


				Weighted-Average
		Weighted-Average		Remaining
		Grant Date Fair		Contractual Life
	Number of Shares	Value		(in Years)

Unvested - January 1, 2019	1,615,953	$	2.24	2.2
Granted	—		—
Vested	(574,582)		(2.85)
Forfeited or canceled	(40,000)		(1.76)
Unvested - September 30, 2019	1,001,371	$	1.25	1.3

Schedule of Performance Stock Units Activity

A summary of the Company’s PSUs activity for the nine months ended September 30, 2019 is as follows:

	0
				Weighted-Average
		Weighted-Average		Remaining
		Grant Date Fair		Contractual Life
	Number of Shares	Value		(in Years)

Unvested - January 1, 2019	2,219,818	$	4.47	0.8
Granted	—		—
Vested	(289,671)		(4.68)
Forfeited or canceled	(511,491)		(6.59)
Unvested - September 30, 2019	1,418,656	$	3.66	0.9

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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